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Exploring the Determinants of Life Insurance in India: A Comparative Evaluation of LIC and Selected Private Companies

Jalpaben I. Thakkar & Dr. Manisha M. Barad

This research paper aims to compare Share Capital, Total Asset, Working capital, Net profit, total premium, benefits paid, Commission paid, Operating expense, number of branch offices and number of Individual agents of LIC, HDFC Life Insurance, ICICI prudential Life insurance and SBI Life insurance. Secondary data was collected from 2014-15 to 2023-24 and Mean Standard deviation, co efficient of variance and CAGR was used for the analysis. The study concluded that LIC performed better than private life insurance companies having steady growth.

Thakkar, J., & Barad, M. (2025). Exploring the Determinants of Life Insurance in India: A Comparative Evaluation of LIC and Selected Private Companies. International Journal of Advanced Research in Commerce, Management & Social Science, 08(04(I)), 30–38. https://doi.org/10.62823/ijarcmss/8.4(i).8131

DOI:

Article DOI: 10.62823/IJARCMSS/8.4(I).8131

DOI URL: https://doi.org/10.62823/IJARCMSS/8.4(I).8131


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